Citizens (NYSE:CIA) CEO Purchases $48,100.00 in Stock

Citizens, Inc. (NYSE:CIA) CEO Jon Stenberg purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average price of $4.81 per share, for a total transaction of $48,100.00. Following the transaction, the chief executive officer directly owned 208,930 shares in the company, valued at approximately $1,004,953.30. This trade represents a 5.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Citizens Stock Performance

Shares of NYSE:CIA traded up $0.00 during trading on Thursday, reaching $4.63. The stock had a trading volume of 144,460 shares, compared to its average volume of 106,929. Citizens, Inc. has a 52 week low of $2.90 and a 52 week high of $6.40. The firm’s fifty day moving average is $5.48 and its 200 day moving average is $5.47. The stock has a market cap of $232.81 million, a price-to-earnings ratio of 16.55 and a beta of 0.43.

Citizens (NYSE:CIA) last announced its earnings results on Thursday, March 12th. The insurance provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $72.07 million during the quarter, compared to the consensus estimate of $67.89 million. Citizens had a net margin of 5.71% and a return on equity of 7.23%. On average, research analysts forecast that Citizens, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Citizens

Large investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Citizens by 28.5% in the 4th quarter. Invesco Ltd. now owns 39,301 shares of the insurance provider’s stock valued at $190,000 after acquiring an additional 8,721 shares in the last quarter. Empowered Funds LLC boosted its stake in Citizens by 12.7% during the fourth quarter. Empowered Funds LLC now owns 220,243 shares of the insurance provider’s stock worth $1,064,000 after acquiring an additional 24,905 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Citizens by 4.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider’s stock worth $2,286,000 after purchasing an additional 21,963 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Citizens by 6.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,353 shares of the insurance provider’s stock worth $340,000 after purchasing an additional 4,420 shares during the period. Finally, Barclays PLC increased its stake in Citizens by 6.8% in the fourth quarter. Barclays PLC now owns 215,908 shares of the insurance provider’s stock valued at $1,043,000 after purchasing an additional 13,689 shares in the last quarter. Institutional investors and hedge funds own 13.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Citizens in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Citizens Company Profile

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.